Hank's Cinnamon Buns
Bakery
Overview
Raised: $19,162
Total Commitments ($USD)
Platform
Honeycomb
Start Date
10/10/2023
Close Date
12/11/2023
Min. Goal
$25,000
Max. Goal
$50,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.50%
Term Length
3.0 years
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
11
% of Min. Goal
77%
% of Max. Goal
38%
Likelihood of Max
Avg. Daily Raise
$376
# of Investors
25
Momentum
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Year Founded
2021
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Hank’s Cinnamon Buns is raising funds on Honeycomb. It is a bakery based in West Chester, Pennsylvania, and specializing in cinnamon buns. Hank’s Cinnamon Buns crafts gooey and delicious cinnamon buns with a perfect balance of fluffy dough, sweet cinnamon filling, and delicious icing. The business has a loyal customer base and was featured in Grid Magazine in March 2023 for its memorable cinnamon bun experience. Ronald Davis founded Hank’s Cinnamon Buns in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for purchasing a double deck oven, a spiral dough mixer, a dough sheeter, tables, shelving, and storage, and custom packaging.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$41,495 |
$16,805 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$22,848 |
$-6,656 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$3,832 |
$936 |
|
Accounts Receivable |
$998 |
$0 |
|
Total Assets |
$12,804 |
$936 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/10/2023
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